Buterin Offloads ETH, Bitcoin Unable to Push Past $70K, XRP Spot Buying Increases: This Week’s Crypto Recap
It’s been a comparatively dynamic week throughout the cryptocurrency trade. The whole market capitalization presently stands at round $2.36 trillion, which is kind of the place it was final Friday after we did the earlier weekly recap, however this doesn’t paint the entire image.
You see, BTC began the week as anybody would count on – chopping to the draw back, which inevitably led to an abrupt crash on Monday, when it dropped from above $67K to round $64K. This was adopted by an intraday useless cat bounce and an instantaneous continuation to under $63,000. Sentiment was down unhealthy, as was most of Crypto Twitter, however what adopted raised a number of eyebrows.
Bitcoin really began recovering… notably. It soared from $63K to $70K in lower than two days. And then got here yet one more signal that we’re amidst the depths of crypto winter – the restoration was put to a halt, and the bears as soon as once more took management, pushing the worth down to the place we presently sit at barely above $66K. In case you’re questioning, we’re nonetheless in a state of “excessive worry,” in accordance to the favored Crypto Fear and Greed index, which means that the lots are undoubtedly not satisfied that the worst is behind us. In reality, the latest bounce did little or no to enhance the general sentiment.
Meanwhile, the co-founder of Ethereum, Vitalik Buterin, continues promoting ETH. So far, his whole disposals reached round 18,700 ETH, though he beforehand said that he plans to promote 16,384 ETH to fund open-source software program and {hardware} growth, privateness instruments, and security-critical infrastructure initiatives.
Elsewhere, we’ve got some mild on the finish of the tunnel for XRP holders, with spot shopping for seemingly on the rise. While it has performed little for the worth up to now, this could possibly be an indication of a structural shift in XRP’s market dynamics. Bitrue reported a 212% surge in spot shopping for on February twenty sixth, most of which was linked to ETF inflows, suggesting regular demand from funds.
All in all, the week began off as miserable, turned bullish, after which went again precisely to the place it was at first. Strength is being dissolved rapidly as destructive sentiment prevails, which is extremely indicative of bear markets. That additionally makes it fairly thrilling to see what the subsequent seven days have in retailer for us.
Market Data
Market Cap: $2.35T | 24H Vol: $113B | BTC Dominance: 56.1%
BTC: $66,097 (-1.5%) | ETH: $1,947 (+0.2%) | XRP: $1.35 (-3.2%)
This Week’s Crypto Headlines You Can’t Miss
Bitwise CIO Matt Hougan Rejects Jane Street Blame for Bitcoin Dip. Matt Hougan, the chief funding officer at Bitwise, has dismissed claims that Jane Street is orchestrating Bitcoin’s ongoing downturn. Instead, he stated that the present value motion is typical of a “basic crypto winter.” Read more.
BSC Fees Hit Multi-Month Lows as History Signals Bitcoin Rebound Ahead. The Binance Smart Chain (BSC) noticed its whole charges paid drop to $593,000, which just about marks the community’s lowest utilization value since at the least August 2025. Read more.
2026 US Midterms Emerge as Potential Turning Point for Crypto Markets. The 2026 US midterm elections are closing in. Many view them as a possible catalyst that’s tied to liquidity cycles in conventional monetary markets, in addition to a restoration within the broader cryptocurrency market. Read more.
Bitcoin’s Recovery Isn’t Here Yet – Here’s What Still Needs to Flip. Data reveals that BTC stays trapped in a structurally defensive consolidation. This occurs as the worth oscillates between $60K and $90K. Therefore, for a restoration to begin shaping, the worth wants to push above the higher boundary. Read more.
Vitalik Buterin Exceeds 16,384 ETH Selling Target with $38M in Total Disposals. The co-founder of Ethereum (and certain probably the most distinguished particular person behind it), Vitalik Buterin, is dumping ETH. In reality, he has exceeded his beforehand said plan to promote 16,384 ETH by nearly 20%. Read more.
Wall Street Is Going On-Chain, And Investors Still Don’t Get It, Says Bitwise CIO. According to the CIO of Bitwise, buyers typically misread what is really taking place available in the market due to behavioural biases and suppose that Wall Street is already going on-chain. Read more.
Charts
This week, we’ve got a chart evaluation of Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid – click here for the complete price analysis.
The put up Buterin Offloads ETH, Bitcoin Unable to Push Past $70K, XRP Spot Buying Increases: This Week’s Crypto Recap appeared first on CryptoPotato.
